The Choice Between Hawk and Dove Positions Depends on

question 8

Multiple Choice

The choice between hawk and dove positions depends on

• A) the extent of cyclical unemployment at the time of the decision
• B) relative importance of short-run and long-run monetary considerations
• C) cooperation between Congress and the monetary authorities
• D) the frequency of negative supply shocks
• E) the Fed's relative concern for price and employment stability

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Definitions:

Philanthropic Goodwill

The level of social responsibility in which a business does good without the expectation of anything in return.

Social Responsibility

Involves businesses making decisions and taking actions that benefit society as well as themselves.

Philanthropic Goodwill

The positive reputation and supportive engagement generated by a company or individual's charitable activities and contributions to society.

Economic Responsibility

An entity's duty to make decisions that benefit the economic well-being of society and stakeholders.